Only been in for a little while. . .

I've been a lurker quite a while and thought it might be useful for others to hear about my experience with Bitcoin.

Disclaimer:not a finacial adviser.

I have an amount of Sats (parts of a bitcoin for those who aren't up to speed) nowhere near 1 BTC.

Around April 2021 I had a small ammount of cash and was looking for something to do with it. No intention of BTC.

Then. I was talking to a friend who was already in the market, I found out a cpuple of other friends had also got into crypto BTC and some other altcoins(shitcoins).

At this time the market was rising and approaching a ath(all time high). I was reading about Bitcoin (dyr do your research) and saw that a lot of people were waiting for a correction from the ath and there was a huge amount of fud (fear uncertainty doubt) in the media.

I waited and after a couple of more months invested my cash. Compared to my friends I bought in at about 1/3 that they got in at.

Friends were trying to make quick cash and deffo joined due to fomo(fear of missing out). My investment was part of a long game for spare cash when I retire.

I dabbled with trying to make some quick gains, funnily enough lost some cash. Luclily managed to break even.

From August onwards I've been DCA (dollar cost averaging) regardless of price.

My DCA is now around 35k which I happy with.

One of the big factors for BTC for me was the limited supply(21M) and halvening every 4 years or so. So my aim is to get as may Sats a possible before I retire.

I'm all in for BTC also have other pensions, but was looking at getting more BTC. Ome option is to get a pwrsonal loan of 10k with 3% interest and buy more coin. However. I could not bring myself to do that, I could make repayments if it tanked, but just couldn't pull the trigger. I did get me thinking how to maximise my sats. . .

So I've ended up doing the following to complement the DCA. I have a credit card with 0% on purchases for 2 1/2 years. I buy everything I can with this. I then put that ammount I would have spent in fiat into BTC. I round up the ammount so I will get some spare Sats once I clear the card. This works for me as if things tank I can clear the credit card debt, but hopefully will make my cash work for me.

So I will sell some of my coin in 2 years to pay the card off. I will also keep DCA for long term gains.

Just a bit of info for others.

Enjoying the rollercoaster, much easier to look at the long game rathet than quick wins.